DALLAS and FORT WORTH, Texas, June 27, 2018 (GLOBE NEWSWIRE) -- Neos Therapeutics, Inc. (Nasdaq:NEOS), a pharmaceutical company focused on developing, manufacturing and commercializing innovative extended-release (XR) products using its proprietary modified-release drug delivery technologies, today announced that Jerry McLaughlin has been appointed as Chief Executive Officer of Neos, effective today, June 27, 2018. He also will serve on the company’s board of directors.
Mr. McLaughlin joins Neos from CNS biopharmaceutical company, AgeneBio, where he was President and Chief Executive Officer since June 2014. Prior to joining AgeneBio, he served as the Senior Vice President and Chief Commercial Officer of NuPathe Inc. until the company was acquired by Teva Pharmaceuticals Industries Ltd. in 2014. Previously, Mr. McLaughlin was at Endo Pharmaceuticals from 2001 to 2007 and served in a variety of commercial leadership roles at Merck from 1990 to 2001. He holds a B.A. in Economics from Dickinson College and an M.B.A. from Villanova University.
Mr. McLaughlin’s appointment follows the mutual decision by Vipin K. Garg, Ph.D. and the Board of Directors for Dr. Garg to resign as Chief Executive Officer, President and Director of Neos. Dr. Garg will serve as an advisor to the company through the end of July 2018 to assist with Mr. McLaughlin’s transition.
“We are very excited to have Jerry join Neos as CEO. His experience growing commercial organizations and bringing products through the pipeline will be invaluable as Neos enters this next stage of its growth,” said Alan Heller, Chairman of the company’s Board of Directors. “We would like to thank Vipin for all his contributions to Neos and wish him continued success in his future endeavors. Vipin has made a profound impact at Neos evolving the company into the commercial organization it is today.”
“Neos has a unique commercial franchise of three ADHD products with strong growth potential in a large market. I look forward to working with the whole team to increase the market share for these products, advance the development pipeline and contribute to the overall growth of the company at this next stage,” said Jerry McLaughlin, Chief Executive Officer of Neos.
"For the last several years, it has been an exciting time leading Neos. I have been proud to oversee a team of talented individuals and lead them through the company’s successful IPO in 2015 and the commercial launch of our three branded products for the treatment of ADHD,” reflected Dr. Garg. “I look forward to seeing the company continue to advance and grow under Jerry’s leadership.”
About Neos TherapeuticsNeos
Therapeutics, Inc. (Nasdaq:NEOS) is a pharmaceutical company focused on developing, manufacturing and commercializing products utilizing its proprietary modified-release drug delivery technology platforms. Adzenys XR-ODT®(amphetamine) extended-release orally disintegrating tablets (see Full Prescribing Information, including Boxed WARNING), Cotempla XR-ODT® (methylphenidate) extended-release orally disintegrating tablets (see Full Prescribing Information, including Boxed WARNING), and Adzenys-ER™ (amphetamine) extended-release oral suspension (see Full Prescribing Information, including Boxed WARNING), all for the treatment of ADHD, are the first three approved products using the company’s extended-release technology platform. In addition, Neos manufactures and markets its generic version of the branded product Tussionex®1, an extended-release oral suspension of hydrocodone and chlorpheniramine for the relief of cough and upper respiratory symptoms of a cold (see Full Prescribing Information, including Boxed WARNING). Additional information about Neos is available at www.neostx.com.
